Europe Automotive TPMS Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Automotive TPMS Market Analysis
The Europe Automotive TPMS Market is expected to register a CAGR of more than 10 % during the forecast period, 2020-2025.
- Significant factors such as consumer preference toward advanced driver assistance systems, the spike in the sales of luxury vehicles, and the growing number of accidents and subsequent road fatalities have prompted the regulatory authorities to mandate the TPMS in automobiles. There is a positive net effect in luxury car registrations from 2018 to 2019, as volume jumped from 2.29 million to 2.35 million in 2019.
- Despite the weak growth rate of the passenger vehicle segment in Europe, the market for premium luxury vehicles is expected to increase significantly in countries like Germany and Italy. Luxury vehicles are expected to witness a steady growth rate across the entire passenger vehicle segment. With TPMS fitted in a majority of these vehicles, the passenger vehicle segment is poised to drive the market for automotive TPMS significantly.
- Companies, like Continental AG and Huf H眉lsbeck & F眉rst GmbH & Co. KG, are now producing TPMS systems for high-end models of automakers, such as Toyota, Lexus, BMW, Volkswagen, Hyundai, Chrysler, Jeep, and Rolls Royce all across Europe. With the growing consumer demand for vehicles with advanced safety features, TPMS is highly anticipated to be available as a standard in C-segment hatchbacks, Sedans, and SUVs.
Europe Automotive TPMS Market Trends
This section covers the major market trends shaping the Europe Automotive TPMS Market according to our research experts:
Direct TPMS is Growing with High Growth Rate
TPMS provides a wide range of advantages, correctly filled tires have lower rolling resistance and suffer lesser tire abrasion, which significantly increases the service life of tires. Secondly, the fuel consumption and thus, emissions of CO2 can be lowered. Thirdly, with shorter braking distances and excellent cornering stability, it offers a comfortable ride.
Air pressure monitoring systems are also offered as direct and indirect systems. Indirect systems help record the data and determine the loss of air pressure due to the wheel's increased speed. While direct systems measure and archive accurate air pressure data using built-in sensors to the valves. Direct systems can detect both slow diffusion losses and rapid pressure losses on a tire. As a result we see Direct systems being accommodated in larger number of vehicles
In February 2019, Continental launched a direct TPMS service tool. With the VDO TPMS Go device, TPMS workshops can program all common universal sensors for cars and read nearly every TPMS sensor on the market. The TPMS Go combines functions established in the VDO TPMS Pro device. With a practical design, it is a suitable supplement to a diagnostic device which is slim and cost-efficient.
Diect TPMS usually finds major applications in the passenger vehicle segment, where tire pressure management is considered to be a critical safety system. The automotive industry has been stepping up on introducing features that aid in minimizing the impact of collisions, reduce fatalities, and improve overall vehicle safety. This, in turn, is fueling the growth of the automotive TPMS market during the forecast period.
Germany Remains the Market Leader in 2019
The EU has long opted for the introduction of tire pressure monitoring systems. With Germany leading the European TPMS market, they aim to reduce fuel consumption and contribute towards improving road safety.
The European Parliament has approved a directive proposal aimed to simplify and change the type of motor vehicles with measures imposing mandatory adoption of technologies in Tyre Pressure Monitoring Systems(TPMS). These changes also need to meet the already existing German Road Safety Council's initiative to tire safety.
As per EU norms, vehicles in categories M1 have to be equipped with an accurate Tyre Pressure Monitoring System capable of giving, when necessary, an in-car warning to the driver when a loss of pressure occurs in any tire. This also improves the optimum fuel consumption and road safety. Appropriate limits in the technical specifications have bee set to achieve a technology-neutral and cost-effective approach in the development of accurate TPMS.
A variety of relevant air pressure tests in Germany and Europe demonstrate that at least 35 % of all motor vehicles in operation have made negative air pressure, which would approximately save 3.1 billion liters of fuel consumed in Europe and with the added benefits of reducing the emission of pollutants.
Europe Automotive TPMS Industry Overview
The Europe Automotive TPMS Market is dominated with various international and regional players such as Continental AG, Huf H眉lsbeck & F眉rst GmbH & Co. KG and ZF Friedrichshafen AG. Although to have the edge over its competitors, the major TPMS manufacturing companies are making joint-ventures, partnerships to launch newer products.
In November 2019, Huf H眉lsbeck & F眉rst G.m.b.H. & Co. K.G. and Shanghai Baolong Automotive Group have formed a joint venture, BH SENS, that combines their respective tire pressure monitoring systems businesses into a new entity. BH SENS works with original equipment manufacturers to create OE TPM systems for vehicle manufacturers all around the world and for the automotive aftermarket under the IntelliSens Universal-brand TPMS sensor program.
Europe Automotive TPMS Market Leaders
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Huf H眉lsbeck & F眉rst GmbH & Co. KG
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Continental AG
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ZF Friedrichshafen AG
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Dunlop Tech GmbH
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Schrader Electronics
*Disclaimer: Major Players sorted in no particular order
Europe Automotive TPMS Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters Five Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Vehicle Type
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5.1.1 Passenger Car
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5.1.2 Commercial Vehicle
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5.2 Type
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5.2.1 Direct TPMS
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5.2.2 Indirect TPMS
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5.3 Sales Channel
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5.3.1 OEM
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5.3.2 Aftermarket
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5.4 Countries
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5.4.1 Germany
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5.4.2 United Kingdom
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5.4.3 France
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5.4.4 Italy
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5.4.5 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share
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6.2 Company Profiles
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6.2.1 Continental AG
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6.2.2 Huf Hulsbeck & Furst GmbH & Co. KG
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6.2.3 ZF Friedrichshafen AG
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6.2.4 Schrader Electronics
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6.2.5 DUNLOP TECH GmbH
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6.2.6 Delphi Automotive LLP
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6.2.7 ALLIGATOR Ventilfabrik GmbH
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6.2.8 HELLA GmbH & Co. KGaA
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6.2.9 NIRA Dynamics AB
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6.2.10 Transics
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Automotive TPMS Industry Segmentation
The Europe Automotive TPMS Market covers the current and upcoming trends with recent technological developments. The report will provide a detailed analysis of various areas of the market by vehicle, technology and sales channel. The market share of significant TPMS manufacturing companies and country level analysis will be provided in the report.
| Vehicle Type | |
| Passenger Car | |
| Commercial Vehicle |
| Type | |
| Direct TPMS | |
| Indirect TPMS |
| Sales Channel | |
| OEM | |
| Aftermarket |
| Countries | |
| Germany | |
| United Kingdom | |
| France | |
| Italy | |
| Rest of Europe |
Europe Automotive TPMS Market Research FAQs
What is the current Europe Automotive Tpms Market size?
The Europe Automotive Tpms Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Europe Automotive Tpms Market?
Huf H眉lsbeck & F眉rst GmbH & Co. KG, Continental AG, ZF Friedrichshafen AG, Dunlop Tech GmbH and Schrader Electronics are the major companies operating in the Europe Automotive Tpms Market.
What years does this Europe Automotive Tpms Market cover?
The report covers the Europe Automotive Tpms Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Automotive Tpms Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Automotive TPMS Industry Report
Statistics for the 2024 Europe Automotive TPMS market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Europe Automotive TPMS analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
